The stock of digital healthcare company Signify Health rose 32 percent following news that Amazon is looking to place a bid for the company, CNBC reported Aug. 22.
Amazon is competing to purchase Signify with UnitedHealth Group and CVS. Amazon’s bid is not far behind UnitedHealth Group’s reported highest offer of more than $30 a share, according to CNBC.
Amazon stock closed down 3.6 percent on Aug. 22. An acquisition of Signify would push Amazon further into healthcare after the tech giant acquired OneMedical in July.